Record Tumbles as Bacs Sets New Processing High
- 7 years 7 months ago
- Payments
An impressive 120,000 transactions in a single minute – that’s the new record set by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit in the UK. More than 111 million payments were processed in just one day at the end of June, outdistancing the previous high recorded just nine months earlier by 2.4 million. The news underlines the appeal of automated payments to UK businesses and consumers alike,... more
Masterpass is Available on Air Canada
- 7 years 7 months ago
- Credit Cards
Mastercard today announced that Masterpass is available on Air Canada.com and vacations.aircanada.com, helping travelers get from booking to vacation-mode even faster. Air Canada joins a rapidly expanding roster of travel sites offering fast, easy and secure digital payment with Masterpass.
Tesco Unveils Contactless Loyalty Card
- 7 years 7 months ago
- Payments
Tesco has today announced a host of exciting improvements to Clubcard, the most rewarding loyalty scheme in the retail sector, making it even simpler and easier for customers and colleagues to use.
Planet Payment and ACI Worldwide Reveal UnionPay International's SecurePlus
- 7 years 7 months ago
- Payments
Planet Payment, Inc., a leading provider of international and multi-currency payment processing services, and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the launch of UnionPay International’s SecurePlus, the latest in UnionPay’s solution set, that will now enable the acceptance of UnionPay debit and credit cards online, with several significant enhancements.
CM Makes Acquisition of Docdata Payments from Ingram Micro
- 7 years 7 months ago
- Payments
Netherlands-based mobile service provider acquires payment institution Docdata Payments from its American owner Ingram Micro. This was agreed this Monday by both parties.
SMEs More Afraid of Cybercrime than Brexit
- 7 years 7 months ago
- Payments
Britain’s SMEs are shifting the billions spent each year on hiring traditional experts, such as legal and procurement consultants, to leverage the skills required to survive in an increasingly digital world, including those for cybersecurity and new payments technology.
InstaReM Cross-Border Payments Firm Raises $13m
- 7 years 7 months ago
- Payments
InstaReM, one of the leading digital cross-border payments companies, has received a US$13 million investment led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund (SBI-FMO Fund), Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC). To date, InstaReM has raised over US$18 million in the last 18 months.
Millennials and Their Mobiles Matter Most, and They’re Voting With Their Money
- 7 years 7 months ago
- Payments
A new global report released by Telstra reveals that United Kingdom (UK) millennials have become the most valuable demographic group for financial institutions with UK millennials’ average wallet size[1] now 40 per cent greater than the UK adult demographic. As millennials drive interactions and demand mobile engagement in a manner never before seen in financial services, traditional institutions need to adopt a mobile-first digital strategy or... more
Sberbank Deploy Spire and Lanter Innovative Mobile POS Solution Across Four Major Russian Cities
- 7 years 7 months ago
- Payments, Infrastructure
Spire Payments and its official Russian distributor Lanter have developed an innovative mobile POS solution to capture transportation and municipal payments in major cities throughout the Russian Federation. The initiative is spearheaded by Sberbank, the market-leading acquiring bank in the region and is driven by the desire to expand into new market sectors. This ground-breaking initiative has just been deployed in four major cities: Sankt... more
Sberbank goes live with Spire and Lanter innovative mobile POS solution across four major Russian cities
- 7 years 7 months ago
- Transaction Banking, Payments, Banking
Spire Payments and its official Russian distributor Lanter have developed an innovative mobile POS solution to capture transportation and municipal payments in major cities throughout the Russian Federation. The initiative is spearheaded by Sberbank, the market-leading acquiring bank in the region and is driven by the desire to expand into new market sectors. This ground-breaking initiative has just been deployed in four major cities: Sankt... more
Yolt launches open beta in the UK
- 7 years 7 months ago
- Payments
Yolt, a new money platform backed by ING, one of the leading banks in Europe, has launched its open beta today for iOS and Android, offering users across the UK access to a new way of managing their money smartly and intuitively. The app has been tested and improved in closed beta since October last year, and is now ready to invite more people to the platform.
Payments and Tech Giants Predict the Future of Money at Money20/20 Europe
- 7 years 7 months ago
- Payments
FinTech experts from across the globe flocked to Copenhagen last week to debate the future of money at Money20/20 Europe. The world’s leading tech, financial services and business experts revealed how new technologies will fundamentally change the way we borrow, manage and spend money around the world.
COSS.IO Announces a 72-hour Fire Swap (pre-ICO)
- 7 years 7 months ago
- Cryptocurrencies
The Singapore-based C.O.S.S. PTE LTD (aka COSS) announces a Fire Swap (pre-ICO) of its token named COSS. The COSS Token Swap (ICO) is soon to follow.
CBA Unveils Instant Payments Solution on the IBAS platform
- 7 years 7 months ago
- Payments
Norwegian software vendor Commercial Banking Applications (CBA), has launched the IBAS Instant Payments Solution to support the processing of real-time payments for European banks. CBA has been listed as a Frontrunner Service Provider by EBA to support banks in connecting to the EBA Clearing Instant Payment System.
Equiniti Internal Payments Rebrands as EQ Global
- 7 years 7 months ago
- Payments
Leading global payments provider, Equiniti International Payments, has today announced the launch of a new brand identity and new name - EQ Global. The new brand assets will include changes to the company’s name, logo and website, and will better reflect the company’s mission - simplifying mass global payments for businesses of any size. As part of Equiniti, the specialist payments provider has enjoyed record growth over the last year and made... more
